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NEW YORK (GenomeWeb) – Quanterix reported after the close of the market on Wednesday that its first quarter revenues were up 64 percent year over year.

The company posted Q1 revenues of $12.3 million, up from $7.5 million in Q1 2018 and above the consensus Wall Street estimate of $10.2 million.

Its Q1 product revenues rose 102 percent to $9.5 million in Q1 2018 from $4.7 million in Q1 2018, with consumables sales up 124 percent and instrument sales up 70 percent. Service and other revenues rose 11 percent to $2.8 million from $2.5 million in the prior-year first quarter.

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